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Model Based Testing Market

Model Based Testing Market

Model Based Testing Market Analysis, By Model Type (Finite State Machines, State Charts, Unified Modeling Language (UML)) By Testing Type (Online Testing, Offline Testing), By Region - Global Market Insights 2022 to 2032

Model Based Testing Market
FACT445MR
  • Jun-2022
  • List of Tables : 25
  • List of Figures : 132
  • 170 Pages
  • Technology

Model Based Testing Market Outlook (2022-2032)

The global model based testing market is predicted to expand at a CAGR of 4.6% between 2022 and 2032. At present, the market stands at a valuation of US$ 1.16 billion and is expected to reach US$ 1.82 billion by the end of 2032.

Model based software testing is anticipated to witness a steady rise in popularity as the demand for software increases for use in several applications. However, the complex nature of the model-based testing approach is expected to be a major challenge for market players to overcome.

Report Attributes

Details

Model Based Testing Market Size (2022)

US$ 1.16 Billion

Predicted Market Value (2032F)

US$ 1.82 Billion

Forecasted Market Growth Rate (2022-2032)

4.6% CAGR

China Market Value (2022)

US$ 119 Million

Key Companies Profiled

  • Accenture Plc
  • Microsoft Corporation
  • Capgemini SE
  • Wipro Ltd.
  • HCL Technologies Ltd.
  • IBM Corp.
  • Infosys Limited
  • Oracle Corporation
  • Cognizant Technology Solutions Corp.
  • Tata Consultancy Services Limited

Interested to Procure The Data

Model Based Testing Demand Analysis (2017-2021) in Comparison to Market Forecasts (2022-2032)

Technological proliferation and digitization have increased substantially over the past few years and this trend is expected to be prominent across the forecast period. Software has become increasingly complex and manual testing procedures are now regarded as outdated and time-consuming.

The model based testing technique has proved to reduce errors as it enables amendment to modules and does not affect resultant dependencies. Model driven testing allows testing on different machines and is a time-saving method that is anticipated to witness steady growth in demand over the coming years.

Increasing digitization is fuelling the demand for novel software and this is expected to primarily drive demand for model-based testing (MBT) services across the forecast period.

However, the growth of the model based testing market is expected to be hampered by the complex nature of model based testing tools and complex procedures that demand the employment of highly skilled programmers which incurs high costs to organizations.

Demand for model-based testing is anticipated to evolve at a CAGR of 4.6% from 2022 to 2032.

Model based testing market forecast by Fact.MR

How is the Model-Based Testing (MBT) Market Moving Forward?

“Rising Proliferation of IT Industry Driving Demand for MBT Testing Tools”

Technology has become a crucial aspect in all walks of life and this has substantially increased the demand for software across the world. The increasing need for faster testing tools and services is expected to fuel demand for model-based testing (MBT) services over the forecast period.

High efficiency and the ability to detect memory leaks are expected to drive demand for model-based testing solutions.

“Lack of Skilled Professionals & Complex Nature of Model Based Testing Framework”

Model based testing procedures are complex and require skilled professionals to ensure smooth testing operations. There is a lack of such skilled individuals in the market that understand the complex nature of model based testing tools and this is expected to hinder model based testing tools market potential across the forecast period.

An Adaptive Approach to Modern-day Research Needs

How are Start-ups Leveraging Model Based Automation Testing?

“Start-ups Focusing on Using Automation to Make Testing Process Faster”

Model based testing is faster than manual testing procedures but this can be enhanced by the integration of automation technologies and this is what new entrants and start-ups in the model based testing market are expected to focus on over the coming years.

  • In November 2021, Virtuoso, a U.K.-based software testing start-up, focused on developing faster software testing tools and services by integrating Robotic Process Automation (RPA) and machine learning, raised US$ 13.3 million in a Series A funding round.

Such start-ups are expected to revolutionize the model based test automation industry landscape. New entrants in the global market can focus on the integration of advanced technologies such as artificial intelligence, machine learning, etc., to launch novel testing solutions and make their mark in this space.

Which Region Spearheads Global Demand for Model Based Testing?

“North America Model Based Testing Market Leads the Way”

The market for model based testing in North America stands at a revenue total of US$ 333 million in 2022 and holds a major market share of 28.6% Presence of key technology companies in this region is expected to be a prime factor that is expected to drive model based testing market potential through 2032.

Rapid adoption of novel model based software testing techniques in this region is also anticipated to drive demand for model based testing solutions across the forecast period. The United States is projected to be the prime market in this region over the years to come.

The Europe model based testing market accounts for a notable market share of 24.7% in the global industry landscape in 2022. Increasing demand for software products and rising digitization are expected to drive model based testing market growth in this region across the forecast period. Germany, France, and the U.K are expected to be significant markets in this region through 2032.

A complete overview of all the major regions and their statistics has been provided in this latest model based testing market research study by Fact.MR, a market research and competitive intelligence provider.

Competitive Landscape

Key model based testing providers are focusing on launching novel testing solutions powered by advanced technologies such as artificial intelligence, machine learning, etc.

  • In June 2022, Cyient, an Indian multinational tech corporation, announced the launch of a new AI-powered framework for software testing and automated systems. CyFAST has been launched to accelerate end-to-end automation across various platforms and devices to create an efficient environment to manage testing projects.

Key Segments Covered in Model Based Testing Industry Research

  • Model Based Testing Market by Model Type :

    • Finite State Machines
    • State Charts
    • Unified Modeling Language (UML)
  • Model Based Testing Market by Testing Type :

    • Online Model-based Testing
    • Offline Model-based Testing
  • Model Based Testing Market by Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

- FAQs -

The global model based testing market stands at US$ 1.16 billion.
By 2032, the market is expected to reach US$ 1.82 billion.
The global market is predicted to evolve at 4.6% CAGR through 2032.
At present, the European market holds a valuation of US$ 287 million.

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